VOUILLEMIN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VOUILLEMIN
Largest movements
- Receivables within one year -€368,017
down €368,017 (-57.2%), from €643,329 to €275,312
of which Trade receivables: -€351,530
- Cash +€158,852
up €158,852 (+113%), from €140,500 to €299,353
mainly Receivables within one year (+€368,017) and Short-term financial debts (+€200,000)
- Stocks and contracts -€64,985
down €64,985 (-5.2%), from €1.3m to €1.2m
- Trade debts -€264,528
down €264,528 (-32.6%), from €810,506 to €545,978
- Reserves -€206,421
down €206,421 (-35.3%), from €585,341 to €378,920
of which Distributable reserves: -€206,421
- Short-term financial debts +€200,000
up €200,000 (+44.4%), from €450,000 to €650,000
- Gross operating margin -€61,101
down €61,101 (-38.9%), from €157,248 to €96,148
- Financial charges +€14,484
up €14,484 (+22.9%), from €63,222 to €77,706
- Other operating charges +€11,172
up €11,172 (+128%), from €8,750 to €19,922
- Staff costs +€8,130
up €8,130 (+4.1%), from €196,079 to €204,208
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,045,938 | €1,771,599 | -€274,339 | -13.4% |
| Current assets | 29/58 | €2,045,938 | €1,771,599 | -€274,339 | -13.4% |
| Stocks and contracts in progress | 3 | €1,250,837 | €1,185,851 | -€64,985 | -5.2% |
| Stocks | 30/36 | €1,250,837 | €1,185,851 | -€64,985 | -5.2% |
| Amounts receivable within one year | 40/41 | €643,329 | €275,312 | -€368,017 | -57.2% |
| Trade receivables | 40 | €623,755 | €272,225 | -€351,530 | -56.4% |
| Other amounts receivable | 41 | €19,574 | €3,087 | -€16,486 | -84.2% |
| Cash at bank and in hand | 54/58 | €140,500 | €299,353 | +€158,852 | +113% |
| Deferred charges and accrued income | 490/1 | €11,272 | €11,083 | -€189 | -1.7% |
| Total equity and liabilities | 10/49 | €2,045,938 | €1,771,599 | -€274,339 | -13.4% |
| Equity | 10/15 | €685,341 | €478,920 | -€206,421 | -30.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €585,341 | €378,920 | -€206,421 | -35.3% |
| Non-distributable reserves | 130/1 | €24,800 | €24,800 | = | 0.0% |
| Legal reserve | 130 | €24,800 | €24,800 | = | 0.0% |
| Distributable reserves | 133 | €560,541 | €354,120 | -€206,421 | -36.8% |
| Amounts payable | 17/49 | €1,360,597 | €1,292,679 | -€67,918 | -5.0% |
| Amounts payable within one year | 42/48 | €1,305,627 | €1,237,692 | -€67,936 | -5.2% |
| Financial debts | 43 | €450,000 | €650,000 | +€200,000 | +44.4% |
| Other loans | 439 | €450,000 | €650,000 | +€200,000 | +44.4% |
| Trade debts | 44 | €810,506 | €545,978 | -€264,528 | -32.6% |
| Suppliers | 440/4 | €810,506 | €545,978 | -€264,528 | -32.6% |
| Taxes, remuneration and social security | 45 | €45,121 | €41,714 | -€3,407 | -7.6% |
| Taxes | 450/3 | €17,582 | €12,420 | -€5,162 | -29.4% |
| Remuneration and social security | 454/9 | €27,539 | €29,293 | +€1,754 | +6.4% |
| Accrued charges and deferred income | 492/3 | €54,970 | €54,987 | +€17 | 0.0% |
| Remuneration, social security and pensions | 62 | €196,079 | €204,208 | +€8,130 | +4.1% |
| Other operating charges | 640/8 | €8,750 | €19,922 | +€11,172 | +128% |
| Gross operating margin | 9900 | €157,248 | €96,148 | -€61,101 | -38.9% |
| Operating profit (loss) | 9901 | -€47,581 | -€127,983 | -€80,402 | -169% |
| Financial charges | 65/66B | €63,222 | €77,706 | +€14,484 | +22.9% |
| Recurring financial charges | 65 | €63,222 | €77,706 | +€14,484 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | -€110,802 | -€205,688 | -€94,886 | -85.6% |
| Income taxes | 67/77 | -€261 | €732 | +€993 | |
| Profit (loss) for the period | 9904 | -€110,542 | -€206,421 | -€95,879 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,542 | -€206,421 | -€95,879 | -86.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.